Low on Cash, Lordstown Motors (RIDE) Gets a Lifeline as it Secures up to $400M in Purchase Agreement with YA

StreetInsider2021-07-27

Lordstown Motors (NASDAQ: RIDE) announced on Monday that hedge fund Yorkville Advisors (YA) has agreed to purchase up to $400 million of the company’s shares. The purchase would happen over a three-...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Jo5tarz
2021-07-27
Jo5tarz
HFs to the rescue? [驚訝]
Jov8
2021-07-27
Jov8
Like and comment pls
超群yibo
2021-07-27
超群yibo
Can compete with Ford truck
- 2020TS:
  Just got a white knight for total $400mln
Cheahmanda
2021-07-27
Cheahmanda
Fak terrennce
Wealth88
2021-07-27
Wealth88
Please like ❤️
Bossiwei
2021-07-27
Bossiwei
Ok

Leave a comment

115

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2154969984?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-07-27 08:57","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2154969984","market":"us","top_or_hot":-1,"title":"Low on Cash, Lordstown Motors (RIDE) Gets a Lifeline as it Secures up to $400M in Purchase Agreement with YA","media":"StreetInsider","content":"<div>\n<p>Lordstown Motors (NASDAQ: RIDE) announced on Monday that hedge fund Yorkville Advisors (YA) has agreed to purchase up to $400 million of the company’s shares. The purchase would happen over a three-...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18719965\">Source Link</a>\n\n</div>\n","source":"highlight_streetinsider","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Low on Cash, Lordstown Motors (RIDE) Gets a Lifeline as it Secures up to $400M in Purchase Agreement with YA</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLow on Cash, Lordstown Motors (RIDE) Gets a Lifeline as it Secures up to $400M in Purchase Agreement with YA\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-27 08:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18719965><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Lordstown Motors (NASDAQ: RIDE) announced on Monday that hedge fund Yorkville Advisors (YA) has agreed to purchase up to $400 million of the company’s shares. The purchase would happen over a three-...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18719965\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.streetinsider.com/dr/news.php?id=18719965","article_id":"2154969984","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2154969984","pubTimestamp":1627347420,"columns":[],"sourceInfo":{"source_id":"highlight_streetinsider","name":"StreetInsider"},"weMediaInfo":null,"summary":"Lordstown Motors (NASDAQ: RIDE) announced on Monday that hedge fund Yorkville Advisors (YA) has agre","collect":0,"end_time":0,"defaultTopTitle":"streetinsider.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"由于现金不足，洛德斯顿汽车公司获得了一条救命稻草，因为它与YA达成了高达4亿美元的购买协议","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RIDE":0.9},"content_text":"Lordstown Motors (NASDAQ: RIDE) announced on Monday that hedge fund Yorkville Advisors (YA) has agreed to purchase up to $400 million of the company’s shares. The purchase would happen over a three-year-period. Under the deal, YA can receive nearly 35 million Lordstown shares upon execution of the agreement, subject to the approval of Lordstown shareholders, as well as a small discount on the shares whenever purchased, according to a regulatory filing.\n\"Existing shareholders are not taking $400 million worth of dilution. It's like a standby commitment on the part of YA to buy stock when Lordstown says it needs more money,\" said Erik Gordon, professor at the University of Michigan's Ross School of Business, told Reuters.\nLordstown’s operations have been under increasing scrutiny in recent months after the company said it had no firm orders for its vehicles. The company’s CEO and CFO then resigned.\n\"I was surprised. It's more like the knight in shining armor than the vulture at the carcass.\" — Gordon\nAfter opening higher on the news, shares of RIDE are down 1% in mid-day trading Monday after a steady fall over the past several months. Shares are down 63% year-to-date.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":809895020,"gmtCreate":1627356297160,"gmtModify":1703488279263,"author":{"id":"3566111551860327","authorId":"3566111551860327","name":"Jo5tarz","avatar":"https://static.tigerbbs.com/8cdaa131f223c2f17b3669bce62cc05e","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":3,"crmLevelSwitch":1,"idStr":"3566111551860327","authorIdStr":"3566111551860327"},"htmlText":"HFs to the rescue?&nbsp;[驚訝]&nbsp;","listText":"HFs to the rescue?&nbsp;[驚訝]&nbsp;","text":"HFs to the rescue? [驚訝]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/809895020","repostId":2154969984,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":809115847,"gmtCreate":1627352102789,"gmtModify":1703488166281,"author":{"id":"3581759851944655","authorId":"3581759851944655","name":"Jov8","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581759851944655","authorIdStr":"3581759851944655"},"htmlText":"Like and comment pls&nbsp;","listText":"Like and comment pls&nbsp;","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/809115847","repostId":2154969984,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":809106892,"gmtCreate":1627350773616,"gmtModify":1703488121379,"author":{"id":"3576231291459124","authorId":"3576231291459124","name":"超群yibo","avatar":"https://static.tigerbbs.com/6594cf6901beda8fdf0f00a0e5853f18","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3576231291459124","authorIdStr":"3576231291459124"},"htmlText":"Can compete with Ford truck","listText":"Can compete with Ford truck","text":"Can compete with Ford truck","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/809106892","repostId":2154969984,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5378834,"gmtCreate":1627641082509,"gmtModify":1663231713851,"authorId":3568580098685907,"author":{"id":3568580098685907,"idStr":"3568580098685907","authorId":3568580098685907,"name":"2020TS","avatar":"https://community-static.tradeup.com/news/11248151fdcb83034da72e0a80b4d0ae","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":809106892,"type":1,"supId":0,"prevId":0,"content":"Just got a white knight for total $400mln","text":"Just got a white knight for total $400mln","html":"Just got a white knight for total $400mln"}],"langContent":"EN"},{"id":809326333,"gmtCreate":1627349122522,"gmtModify":1703488066374,"author":{"id":"3575348507224102","authorId":"3575348507224102","name":"Cheahmanda","avatar":"https://static.tigerbbs.com/85933c7123d4b95f87fbba0cd7951e7f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575348507224102","authorIdStr":"3575348507224102"},"htmlText":"Fak terrennce","listText":"Fak terrennce","text":"Fak terrennce","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/809326333","repostId":2154969984,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":809312726,"gmtCreate":1627347925265,"gmtModify":1703488027274,"author":{"id":"3581683196578118","authorId":"3581683196578118","name":"Wealth88","avatar":"https://static.tigerbbs.com/5e01a31eabaa4107eb6b1e6729789037","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3581683196578118","authorIdStr":"3581683196578118"},"htmlText":"Please like ❤️","listText":"Please like ❤️","text":"Please like ❤️","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/809312726","repostId":2154969984,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":809312461,"gmtCreate":1627347917653,"gmtModify":1703488027113,"author":{"id":"3574922071165793","authorId":"3574922071165793","name":"Bossiwei","avatar":"https://static.tigerbbs.com/dfbc991d17c0826fbf583dc8682e96d3","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":2,"crmLevelSwitch":0,"idStr":"3574922071165793","authorIdStr":"3574922071165793"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/809312461","repostId":2154969984,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":115,"commentSize":7,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2154969984"}